Palestinian Territory Real GDP Growth

2011 - 2022 | Quarterly | % | CEIC Data

Key information about State of Palestine (West Bank and Gaza) Real GDP Growth

  • The Gross Domestic Product (GDP) in State of Palestine (West Bank and Gaza) contracted 3.1 % YoY in Mar 2022, following a growth of 5.4 % in the previous quarter.
  • Real GDP Growth YoY data in State of Palestine (West Bank and Gaza) is updated quarterly, available from Jun 2011 to Mar 2022, with an average rate of 0.5 %.
  • The data reached an all-time high of 11.9 % in Sep 2020 and a record low of -18.8 % in Jun 2020.
CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Palestinian Central Bureau of Statistics provides Real GDP in USD, at 2015 prices.


Related information about State of Palestine (West Bank and Gaza) Real GDP Growth

  • In the latest reports, Nominal GDP of State of Palestine (West Bank and Gaza) reached 4.9 USD bn in Mar 2022.
  • Its GDP deflator (implicit price deflator) increased 9.3 % in Mar 2022.
  • GDP Per Capita in State of Palestine (West Bank and Gaza) reached 3,654.6 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 16.0 % in Sep 2021.
  • For Nominal GDP contributions, Investment accounted for 25.8 % in Mar 2022.
  • Public Consumption accounted for 18.7 % in Mar 2022.
  • Private Consumption accounted for 98.6 % in Mar 2022.

View Palestinian Territory's Real GDP Growth from Jun 2011 to Mar 2022 in the chart:

Palestinian Territory Real GDP Growth

What was Palestinian Territory's Real GDP Growth in Mar 2022?

The Gross Domestic Product (GDP) in State of Palestine (West Bank and Gaza) contracted 3.1 % YoY in Mar 2022, following a growth of 5.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3.1 Mar 2022 5.4 Dec 2021 -18.8 Jun 2020 11.9 Sep 2020 % quarterly Jun 2011 - Mar 2022

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 6.0 Mar 2022 quarterly Mar 2010 - Mar 2022
Algeria (%) 3.1 Dec 2021 quarterly Mar 2012 - Dec 2021
Argentina (%) 6.1 Mar 2022 quarterly Mar 2005 - Mar 2022
Armenia (%) 8.6 Mar 2022 quarterly Mar 2001 - Mar 2022
Australia (%) 3.3 Mar 2022 quarterly Sep 1960 - Mar 2022
Austria (%) 8.7 Mar 2022 quarterly Mar 1989 - Mar 2022
Azerbaijan (%) 6.8 Mar 2022 quarterly Mar 2001 - Mar 2022
Bahrain (%) 5.5 Mar 2022 quarterly Mar 2009 - Mar 2022
Bangladesh (%) 7.2 2022 yearly 2007 - 2022
Belarus (%) 1.1 Dec 2021 quarterly Mar 2006 - Dec 2021
Belgium (%) 4.9 Mar 2022 quarterly Mar 1996 - Mar 2022
Bolivia (%) 0.2 Dec 2021 quarterly Mar 1991 - Dec 2021
Bosnia and Herzegovina (%) 7.5 Dec 2021 quarterly Mar 2009 - Dec 2021
Botswana (%) 7.0 Mar 2022 quarterly Mar 1995 - Mar 2022
Brazil (%) 1.5 Mar 2022 quarterly Mar 1997 - Mar 2022
Brunei (%) -1.4 Dec 2021 quarterly Mar 2005 - Dec 2021
Bulgaria (%) 4.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Cambodia (%) 3.0 2021 yearly 1994 - 2021
Canada (%) 2.9 Mar 2022 quarterly Mar 1962 - Mar 2022
Chile (%) 6.9 Mar 2022 quarterly Mar 1987 - Mar 2022
China (%) 0.4 Jun 2022 quarterly Mar 1992 - Jun 2022
Colombia (%) 8.2 Mar 2022 quarterly Mar 2001 - Mar 2022
Croatia (%) 7.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Cyprus (%) 5.6 Mar 2022 quarterly Mar 1996 - Mar 2022
Czech Republic (%) 4.9 Mar 2022 quarterly Mar 1996 - Mar 2022
Denmark (%) 6.2 Mar 2022 quarterly Mar 1992 - Mar 2022
Ecuador (%) 4.9 Dec 2021 quarterly Mar 1994 - Dec 2021
Egypt (%) 5.4 Mar 2022 quarterly Sep 2002 - Mar 2022
Estonia (%) 4.7 Mar 2022 quarterly Mar 1996 - Mar 2022
European Union (%) 4.0 Jun 2022 quarterly Mar 1996 - Jun 2022
Finland (%) 3.8 Mar 2022 quarterly Mar 1976 - Mar 2022
France (%) 4.2 Jun 2022 quarterly Mar 1950 - Jun 2022
Georgia (%) 14.9 Mar 2022 quarterly Mar 1998 - Mar 2022
Germany (%) 1.5 Jun 2022 quarterly Mar 1992 - Jun 2022
Ghana (%) 0.9 Mar 2022 quarterly Jun 2006 - Mar 2022
Greece (%) 7.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Hong Kong SAR, China (%) -4.0 Mar 2022 quarterly Mar 1991 - Mar 2022
Hungary (%) 8.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Iceland (%) 7.3 Mar 2022 quarterly Mar 1996 - Mar 2022
India (%) 4.1 Mar 2022 quarterly Jun 2005 - Mar 2022
Indonesia (%) 5.0 Mar 2022 quarterly Mar 1994 - Mar 2022
Iran (%) 7.2 Dec 2021 quarterly Jun 1989 - Dec 2021
Ireland (%) 10.0 Dec 2021 quarterly Mar 1996 - Dec 2021
Israel (%) 9.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Italy (%) 6.2 Mar 2022 quarterly Mar 1982 - Mar 2022
Ivory Coast (%) 6.5 2021 yearly 1966 - 2021
Japan (%) 0.7 Mar 2022 quarterly Mar 1956 - Mar 2022
Jordan (%) 2.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Kazakhstan (%) 3.9 Mar 2022 quarterly Mar 2006 - Mar 2022
Kenya (%) 7.2 Mar 2022 quarterly Mar 2010 - Mar 2022
South Korea (%) 2.9 Jun 2022 quarterly Mar 1961 - Jun 2022
Kosovo (%) 4.9 Mar 2022 quarterly Mar 2011 - Mar 2022
Kuwait (%) 4.7 Dec 2020 quarterly Jun 2010 - Dec 2020
Kyrgyzstan (%) 4.5 Mar 2022 quarterly Mar 2007 - Mar 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 2.5 Jun 2022 quarterly Mar 1996 - Jun 2022
Lebanon (%) -25.9 2020 yearly 2005 - 2020
Lithuania (%) 4.8 Dec 2021 quarterly Jun 1995 - Dec 2021
Luxembourg (%) 4.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Macau SAR, China (%) -8.9 Mar 2022 quarterly Mar 2002 - Mar 2022
North Macedonia (%) 2.4 Mar 2022 quarterly Mar 2001 - Mar 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 5.0 Mar 2022 quarterly Mar 2001 - Mar 2022
Malta (%) 7.6 Mar 2022 quarterly Mar 2001 - Mar 2022
Mauritius (%) 6.2 Dec 2021 quarterly Mar 2001 - Dec 2021
Mexico (%) 1.8 Mar 2022 quarterly Mar 1981 - Mar 2022
Moldova (%) 1.1 Mar 2022 quarterly Mar 1996 - Mar 2022
Mongolia (%) -3.8 Mar 2022 quarterly Mar 2011 - Mar 2022
Montenegro (%) 7.2 Mar 2022 quarterly Mar 2011 - Mar 2022
Morocco (%) 0.3 Mar 2022 quarterly Mar 2008 - Mar 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) -5.9 2021 yearly 2011 - 2021
Nepal (%) -6.5 Jun 2021 quarterly Dec 2004 - Jun 2021
Netherlands (%) 6.6 Mar 2022 quarterly Mar 1997 - Mar 2022
New Zealand (%) 0.4 Mar 2022 quarterly Jun 1983 - Mar 2022
Nigeria (%) 3.1 Mar 2022 quarterly Mar 2011 - Mar 2022
Norway (%) 3.7 Mar 2022 quarterly Mar 1979 - Mar 2022
Oman (%) -3.2 2020 yearly 1999 - 2020
Pakistan (%) 6.2 2022 yearly 2001 - 2022
Palestinian Territory (%) -3.1 Mar 2022 quarterly Jun 2011 - Mar 2022
Panama (%) 13.6 Mar 2022 quarterly Mar 2008 - Mar 2022
Paraguay (%) -2.0 Mar 2022 quarterly Mar 1995 - Mar 2022
Peru (%) 3.8 Mar 2022 quarterly Mar 1981 - Mar 2022
Philippines (%) 8.2 Mar 2022 quarterly Mar 1999 - Mar 2022
Poland (%) 9.2 Mar 2022 quarterly Mar 1996 - Mar 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 2.5 Mar 2022 quarterly Mar 2012 - Mar 2022
Romania (%) 6.4 Mar 2022 quarterly Mar 1996 - Mar 2022
Russia (%) 3.3 Mar 2022 quarterly Mar 1996 - Mar 2022
Saudi Arabia (%) 11.8 Jun 2022 quarterly Mar 2011 - Jun 2022
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 4.8 Jun 2022 quarterly Mar 1976 - Jun 2022
Slovakia (%) 3.0 Mar 2022 quarterly Mar 1994 - Mar 2022
Slovenia (%) 9.6 Mar 2022 quarterly Mar 1996 - Mar 2022
South Africa (%) 2.9 Mar 2022 quarterly Mar 1961 - Mar 2022
Spain (%) 6.3 Jun 2022 quarterly Mar 1996 - Jun 2022
Sri Lanka (%) -1.6 Mar 2022 quarterly Mar 2011 - Mar 2022
Sudan (%) -1.6 2020 yearly 1983 - 2020
Sweden (%) 4.2 Jun 2022 quarterly Mar 1982 - Jun 2022
Switzerland (%) 4.5 Mar 2022 quarterly Mar 1966 - Mar 2022

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Palestinian Territory Key Series

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Includes 109 key indicators for Palestinian Territory, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 2020 yearly 2010 - 2020
Consolidated Fiscal Balance (USD mn) -619.600 2020 yearly 2010 - 2020
Tax Revenue (USD mn) 3,316.200 2020 yearly 2010 - 2020
Tax Revenue: % of GDP (%) 21.4 2020 yearly 2005 - 2020
Government Debt: % of GDP (%) 74.9 Mar 2022 quarterly Dec 2010 - Mar 2022
Forecast: Government Expenditure (%) 30.400 2027 yearly 2009 - 2027
Forecast: Government Revenue (ILS bn) 19.167 2027 yearly 2009 - 2027
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.493 2026 yearly 1995 - 2026
Trade Balance (USD mn) -556.4 May 2022 monthly Jan 2011 - May 2022
Total Exports (USD mn) 118.0 May 2022 monthly Jan 2011 - May 2022
Total Exports Growth (%) 14.2 May 2022 monthly Jan 2012 - May 2022
Aluminum: Exports (USD th) 37,118.184 2021 yearly 2000 - 2021
Exports: Medicament (USD th) 10,878.190 2021 yearly 2000 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 6,495.303 2021 yearly 2000 - 2021
Total Imports (USD mn) 674.4 May 2022 monthly Jan 2011 - May 2022
Total Imports Growth (%) 46.1 May 2022 monthly Jan 2012 - May 2022
Imports: Medicament (USD th) 157,397.241 2021 yearly 2000 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 61,375.854 2021 yearly 2000 - 2021
Total Exports to USA (USD mn) 0.938 Apr 2022 monthly Jan 2000 - Apr 2022
Total Imports from USA (USD mn) 11.359 Apr 2022 monthly Jan 2000 - Apr 2022
Total Exports to China (USD mn) 0.009 May 2020 monthly Mar 2007 - May 2020
Total Imports from China (USD mn) 46.131 Dec 2020 monthly Jan 2000 - Dec 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -5.0 Mar 2022 quarterly Mar 2011 - Mar 2022
Current Account Balance (USD mn) -623.0 Mar 2022 quarterly Mar 2011 - Mar 2022
Current Account Balance: % of GDP (%) -12.7 Mar 2022 quarterly Mar 2011 - Mar 2022
Foreign Direct Investment (USD mn) 101.0 Mar 2022 quarterly Mar 2011 - Mar 2022
Foreign Direct Investment: % of GDP (%) 2.1 Mar 2022 quarterly Mar 2011 - Mar 2022
Foreign Portfolio Investment (USD mn) 18.000 Mar 2022 quarterly Mar 2011 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 0.4 Mar 2022 quarterly Mar 2011 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 85.1 Sep 2021 quarterly Mar 2012 - Sep 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 0.000 Sep 2021 quarterly Mar 2013 - Sep 2021
External Debt (USD mn) 2,147.0 Mar 2022 monthly Dec 2012 - Mar 2022
External Debt: % of GDP (%) 12.0 2021 yearly 2012 - 2021
External Debt: Short Term (USD mn) 388.5 Dec 2018 monthly Dec 2013 - Dec 2018
External Debt: Short Term: % of GDP (%) 2.4 2018 yearly 2013 - 2018
Forecast: Current Account Balance (USD bn) -2.360 2027 yearly 1994 - 2027
Net International Investment Position (USD mn) 3,750.000 Mar 2022 quarterly Dec 2013 - Mar 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.2 Dec 2021 quarterly Dec 2008 - Dec 2021
Non-Performing Loans (USD mn) 438.747 Jun 2021 quarterly Dec 2008 - Jun 2021
Money Supply M1 (USD mn) 12,149.200 Dec 2021 quarterly Mar 2013 - Dec 2021
Money Supply M2 (USD mn) 11,422.137 Jan 2019 monthly Jul 2002 - Jan 2019
M2 Growth (%) 3.2 Jan 2019 monthly Jul 2003 - Jan 2019
Foreign Exchange Reserves (USD mn) 550.8 Jun 2022 monthly Jan 2006 - Jun 2022
Foreign Exchange Reserves: % of GDP (%) 14.621 Mar 2022 quarterly Mar 2006 - Mar 2022
Foreign Exchange Reserves: Months of Import (NA) 0.9 May 2022 monthly Jan 2011 - May 2022
Total Deposits (USD mn) 16,345.395 May 2022 monthly Jan 2000 - May 2022
Total Deposits Growth (%) 5.3 May 2022 monthly Jan 2001 - May 2022
Domestic Credit (USD mn) 10,677.5 Jun 2022 monthly Dec 1998 - Jun 2022
Domestic Credit Growth (%) 4.0 May 2022 monthly Dec 1999 - May 2022
Total Loans (USD mn) 9,071.286 Jun 2022 monthly Jan 2007 - Jun 2022
Total Loans Growth (%) 3.48 Jun 2022 monthly Jan 2008 - Jun 2022
Private Debt: % of Nominal GDP (%) 45.06 Mar 2022 quarterly Dec 2013 - Mar 2022
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 10.8 Jul 2022 monthly Apr 2014 - Jul 2022

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